Trade Bodies Collaborate in Response to MiFID II

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27 July 2014

United Kingdom

Last week, Total Asset reported that ESMA has been urging market participants to comment on the revised version of the Markets in Financial Instruments Directive (MiFID II). According to The Financial News, ESMA’s pleas have been answered in the form of the newly established Joint Trade Association Group. The JTAG is an “informal committee” of lobby groups, made up of fourteen trade bodies who have collaborated in order to provide feedback on ESMA’S consultation papers.

The group is being chaired by Anthony Belchambers, a former CEO of the Futures Industry Association. Other associations in the group include the Association for Financial Markets in.....